Cart Tire revving up to raise capital investment to $700M
A Chinese car tyre manufacturer is planning to increase its investment in Cambodia by raising its capital to approximately $700 million, in a move aimed at enhancing production capacity and expanding exports to additional international markets. ...
Hin Pisei
https://www.phnompenhpost.com/business/cart-tire-revving-up-to-raise-capital-investment-to-700m
Footwear export revenue sees decline
Cambodia’s export revenue from footwear and related products reached nearly $1 billion in the first nine months of 2023, marking a 25.1% decline from the $1.32 billion recorded during the same period last year. ...
Hin Pisei
https://www.phnompenhpost.com/business/footwear-export-revenue-sees-decline
Digital system boosts business registrations
Over 31,000 businesses, boasting a combined capital exceeding $8.9 billion, have successfully completed their registration through the Online Business Registration System (OBRS) via its IT Platform phase 1. ...
Hin Pisei
https://www.phnompenhpost.com/business/digital-system-boosts-business-registrations
Chinese investors lead with nearly $400 million in July investment
The Chinese topped Cambodia’s list of leading financiers in July, taking part in 44 new and expansion investment projects, with many in the garment sector. ...
Niem Chheng
https://www.phnompenhpost.com/business/chinese-investors-lead-with-nearly-400-million-in-july-investment
Judicial laws put independence of courts in jeopardy
Three constitutionally mandated judicial laws would adversely affect the independence of the courts if they are passed in their current draft state, legal experts warned on Friday. Draft versions of the Law on the Organization and Functioning of the Supreme Council of the Magistracy, the Law ...
Lauren Crothers
http://www.cambodiadaily.com/news/judicial-laws-put-independence-of-courts-in-jeopardy-58942/
Oz an example for mining reform
Inspired by Australian mining regulations, the Cambodian government is considering a raft of changes to the mineral resources mining law, including a rethink of the sector’s comparatively high tax rate. Citing discussions held with Western Australia state mining industry representatives last week, Meng Saktheara, secretary of ...
Eddie Morton
http://www.phnompenhpost.com/business/oz-example-mining-reform
Google to map streets of capital, Angkor Wat
People around the world will soon be able to go online and view close-up pictures of Phnom Penh’s streets and the temples of Angkor Wat, Google representatives announced in Phnom Penh. Google Street View is using cars with special 360-degree panoramic cameras to collect the imagery. ...
http://www.phnompenhpost.com/business/google-map-streets-capital-angkor-wat
Kingdom inflation rises on oil prices
Inflation in Cambodia rose 5.8 per cent year-on-year in January, according to figures from the National Institute of Statistics. Rising fuel costs had spurred the inflation, which was felt largely in the price of food, officials said. Data showed food and non-alcoholic beverage prices in January increased ...
Mixed results for protesters
Two protests by garment factory workers in Phnom Penh yesterday achieved very different outcomes. One strike will continue today, but the other ended when company management agreed to workers’ demands. Din Sam Ath, president of the Cambodian Federation of Labour Unions, said the company would comply ...
http://www.phnompenhpost.com/index.php/2012031555047/National-news/mixed-results-for-protesters.html
Imports compete with domestic medicines
The value of medicine and medical equipment imports increased about five per cent year-on-year in 2011, according to the Ministry of Commerce. ...
CDC to issue 35 project certificates in industries
The Council for the Development of Cambodia (CDC) has preliminarily issued final registration certificates for 35 projects with a combined investment capital of $444 million from January to the end of last month. Once operational, the projects are expected to provide more than 30,335 jobs. ...
Sok Chan
http://www.khmertimeskh.com/50298847/cdc-to-issue-35-project-certificates-in-industries/
Draft rubber law to reach Council of Ministers in 2019
The Ministry of Agriculture is now discussing the Rubber Law with industry players and plans to send a draft to the Council of Ministers for approval next year, according to a high-ranking official. ...
Sok Chan
https://www.khmertimeskh.com/50561136/draft-rubber-law-to-reach-council-of-ministers-in-2019/
Phay Siphan: Preah Sihanouk will become a second Singapore
Government spokesman Phay Siphan said on Monday that Preah Sihanouk province will become a second Singapore, as authorities were warned that its development, fuelled largely by Chinese investment, was coming at a cost to locals. ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/phay-siphan-preah-sihanouk-will-become-second-singapore
Two more provinces to be able to issue certificates of origin
Producers, traders and exporters in Ratanakkiri and Tbong Khmum can now apply online for certificates of origin for their exports, submitting applications through the website of their respective provincial commerce department. ...
May Kunmakara
https://www.khmertimeskh.com/50505079/two-more-provinces-to-be-able-to-issue-certificates-of-origin/
Cambodia is primed and open for business
On July 29, the Cambodian People’s Party (CPP) declared victory in the country’s general election. With the elections out of the way, Phnom Penh, once known as the “Pearl of Asia”, can again be viewed as a hub of opportunity, especially given Cambodia’s robust average ...
Kohe Hasan, Sin Soputhi and Billie Slott
https://www.businesstimes.com.sg/opinion/cambodia-is-primed-and-open-for-business
Tax, customs revenue hits $1.68B this year
Cambodia collected some $1.68 billion in revenue from customs and taxation during the first three months of this year, said Prime Minister Hun Sen. Speaking recently at the 18th Government-Private Sector Forum, he said revenue from the Kingdom’s customs fees accounted for about $668 million ...
Hor Kimsay
https://www.phnompenhpost.com/business/tax-customs-revenue-hits-168b-year
Hun Sen seeks Chinese cooperation on human resource development
Prime Minister Hun Sen requested China’s cooperation on human resource development on Wednesday by collaborating with the Royal Academy of Cambodia and the ministries of Education, Youth and Sport and Labour and Vocational Training and boosting the sector. The request came during a meeting with ...
Ry Sochan
https://www.phnompenhpost.com/national/hun-sen-seeks-chinese-cooperation-human-resource-development
Press release on the launching of four mining concession areas for submitting a mineral exploration license
On 22 March 2018, the Ministry of Mines and Energy of the Kingdom of Cambodia issued a press release on the launching of four mining concession areas for domestic and foreign mineral companies to apply for a mineral exploration license as indicated in the “map ...
Ministry of Mines and Energy
CDC to issue factory certificates
The Council for the Development of Cambodia granted permission for three more companies this month to build garment factories in Phnom Penh and in Takeo and Kampong Speu provinces. The three investment projects are worth about $10 million and will create about 3000 jobs. ...
Sum Manet
https://www.khmertimeskh.com/50303116/cdc-to-issue-factory-certificates/
China donates hardware to support 2019 census
The Chinese government yesterday handed $2.5 million worth of cars, motorbikes and other equipment to the government to facilitate the 2019 census. Chinese Ambassador Xiong Bo presided over the handover at the Interior Ministry. ...
Khy Sovuthy
https://www.khmertimeskh.com/50536929/china-donates-hardware-to-support-2019-census/